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7
Jul

Inheriting a Home

Inheriting a dwelling is one of the issues that can often arise as generations change and there are usually no capital gains tax implications at the time you inherit it. However, this does not mean that there are no tax consequences arising in relation to selling or disposing of the property.

3
Jul

Succession Planning and Involuntary Exits

A common challenge for any business, big or small, is planning for changes in management and/or ownership as this often involves dealing with issues people wish to avoid for one reason or another.  Whilst a planned exit has a variety of complications like timing, funding and obtaining the correct value,...

3
Jul

Overseas Properties

An increasingly common circumstance is that of the investment property overseas, which has either arisen by way of an original investment prior to migrating to Australia or by way of a generational change.

1
Jul

Non-resident Estate Beneficiaries

One issue that can arise in estate planning is tax consequences due to non-resident beneficiaries.  At the time of death, if any bequest recipients are not tax residents of Australia there may be tax consequences which can effectively reduce the inheritance for all beneficiaries.

12
Jun

Year End Matters: Individuals

The tax year ends on 30 June and this year is no different to any other in areas that may be of interest for those who are considering year end planning matters.  Generally, better results are generated when these planning matters are incorporated into an overall plan for family matters...

12
Jun

ASIC Focus Areas for Year End Financial Reports

On 30 May 2014 ASIC announced its planned surveillance program for 30 June 2014 financial reports. ASIC will examine listed entities and other entities of public interest, with a large number and wide range of stakeholders considering factors like the nature and size of the business and the number of...